Question: Which Home Loan Is Best LIC Or HDFC?

What is the home loan interest rate in LIC?

6.90% to 8.20%LIC Housing Finance Home Loan Interest Rate: 6.90% to 8.20% Processing Fee payable to LIC Housing Finance: Upto ₹ 10,000..

What is the EMI for 20 lakhs home loan?

Housing Loan Interest CalculatorEMI for various home loan amounts15 years20 years₹ 16 Lakh₹ 14,159₹ 12,166₹ 20 Lakh₹ 17,698₹ 15,207₹ 25 Lakh₹ 22,123₹ 19,009₹ 30 Lakh₹ 26,547₹ 22,8111 more row

Will HDFC reduce home loan rate?

The mortgage lender Housing Development Finance Corporation (HDFC) on Friday announced to cut its retail prime lending rate (RPLR) by 20 basis points (bps) for existing customers, which in turn will reduce home loan rates for salaried customers till 7.65%.

Which home loan is better SBI or HDFC?

SBI offers cheaper loan options. SBI charges a lower processing charge compared to the same charged by other banks. SBI charges a processing fee of 0.20% while HDFC charges @ 0.25%. If you want to go for a higher loan amount, you should go for HDFC because its higher processing fee is lower than that of SBI.

Which is the best option for home loan?

Best Bank for Home Loan in India 2020#1. ICICI Bank Home Loan.#2. State Bank of India Home Loan.#3. HDFC Bank Home Loan.#4. Axis Bank Home Loan.#5. Dewan Housing Finance Ltd. ( DHFL)#6. Indiabulls Home Finance.#7. LIC Housing Finance Home Loan.#8. PNB Housing Finance.More items…•

Which home loan is best in SBI?

SBI Home loan interest rate starts from 8.35%, which is one of the best rates available in the market….Interest Rate.Loan AmountSBI Home Loan FloatingRate for Female BorrowerUp to Rs. 30 Lakh8.40%8.35%Rs. 30 Lakh – 75 Lakh8.55%8.50%Above Rs. 75 Lakh8.65%8.60%Sep 9, 2020

How can I close my HDFC home loan?

synopsisYou collect all your original documents from your lender.Obtain a ‘no dues’ certificate from your lender.Get lien on property removed.Obtain the updated Non Encumbrance Certificate.Your credit records are updated.

Is LIC good for home loan?

LIC Housing Finance offers lower Home Loan EMI at ₹ 659 on a Home Loan for 30 Years as compared to SBI with a minimum EMI of ₹ 662 for 30 Years. Average customer ratings for LIC Housing Finance is currently at 2.5/5.0 which makes it a good choice for taking a Home Loan.

How can I reduce my home loan quickly?

To reduce your home loan EMI, the first thing you should do is to choose a lender which offers home loan at a lower rate of interest.Compare rates online. … Opt for longer repayment tenure on your loan. … Make a bigger down payment. … Refinance the loan by changing your lender. … Negotiate the service terms with existing lender.More items…•

Which bank gives cheapest home loan?

These 10 banks are offering the lowest home loan interest rates for salaried individuals.BANK NAMERLLRMaximum Interest RatePunjab & Sind Bank6.907.60SBI Term Loan6.657.45IDFC First Bank7.008.00Indian Bank6.807.356 more rows

Is HDFC good for home loan?

HDFC offers lower Home Loan EMI at ₹ 659 on a Home Loan for 30 Years as compared to SBI with a minimum EMI of ₹ 662 for 30 Years. Average customer ratings for HDFC is currently at 4.5/5.0 which makes it a good choice for taking a Home Loan.

What is current HDFC home loan rate?

Adjustable Rate Home LoansLoan SlabHome Loan Interest Rates (% p.a.)For Others* (upto 30 Lakhs)7.00 to 7.50For Women* (30.01 Lakhs to 75 Lakhs)7.20 to 7.70For Others* (30.01 Lakhs to 75 Lakhs)7.25 to 7.75For Women* (75.01 Lakhs & Above)7.30 to 7.803 more rows